The Dollar has seen moderate softness against the Euro, Yen and Sterling, among other currencies, while holding net steady against the Dollar bloc units, in what has been subdued pre-Fed announcement trading in forex markets. EUR-USD nudged above 1.1200, lifting out of the 16-day low seen yesterday at 1.1181, which was the product the eyebrow-raising dovish about-turn of ECB’s Draghi yesterday. USD-JPY drifted moderately lower, to levels around 108.25-35 after scaling intraday highs just above 108.60 in Tokyo trading.
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